OFG Bancorp (OFG) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OFG shares.
View OFG analyst ratings or view top-rated stocks.

1 brokers have issued twelve-month price targets for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
View analysts price targets for OFG or view top-rated stocks among Wall Street analysts.

OFG Bancorp's stock was trading at $27.56 at the start of the year. Since then, OFG stock has decreased by 12.9% and is now trading at $24.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our OFG earnings forecast.

OFG Bancorp (NYSE:OFG) released its quarterly earnings data on Tuesday, October, 19th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank had revenue of $134.72 million for the quarter, compared to analyst estimates of $131.90 million. OFG Bancorp had a net margin of 25.93% and a trailing twelve-month return on equity of 16.90%. During the same quarter last year, the company earned $0.50 EPS.

OFG Bancorp announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.22 per share on Monday, July 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for OFG.

ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Roundhill Acquirers Deep Value ETF (DEEP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap Quality ETF (XSHQ).

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.53%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 26.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

OFG Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.82%), Dimensional Fund Advisors LP (7.97%), Barrow Hanley Mewhinney & Strauss LLC (4.86%), LSV Asset Management (4.38%), State Street Corp (4.20%) and JPMorgan Chase & Co. (3.03%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani.
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Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OFG stock can currently be purchased for approximately $24.00.

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.14 billion and generates $594.19 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.64 on an earnings per share basis.

The company employs 2,253 workers across the globe.

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770.